https://www.taxtmi.com/caselaws?id=441580 The Tribunal upheld the valuation of Iron Ore Fines for export based on dry metric tons as per the contract terms, dismissing the Revenue's Appeals. The decision emphasized the significance of contractual agreements in determining the value of exported goods and clarified the distinction between wet weight and dry weight basis for charging export duty on iron ore fines. The ruling aligned with previous cases and highlighted the importance of adhering to contract terms in valuation disputes, ultimately supporting the valuation based on dry weight as specified in the contract. en-us Mon, 24 Jul 2023 00:00:00 +0530 Fri, 11 Aug 2023 08:16:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441580 The Tribunal upheld the valuation of Iron Ore Fines for export based on dry metric tons as per the contract terms, dismissing the Revenue's Appeals. The decision emphasized the significance of contractual agreements in determining the value of exported goods and clarified the distinction between wet weight and dry weight basis for charging export duty on iron ore fines. The ruling aligned with previous cases and highlighted the importance of adhering to contract terms in valuation disputes, ultimately supporting the valuation based on dry weight as specified in the contract. Case-Laws Customs Mon, 24 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441580